Shanti Gold International Ltd. has provided clarification to stock exchanges regarding its credit rating status following a strategic change in rating agencies. The company communicated this development to BSE Limited and National Stock Exchange of India Limited on February 05, 2026, addressing recent rating developments.

Credit Rating Agency Transition

The company has transitioned from Infomerics Valuation and Rating Pvt. Ltd. to CARE Ratings Limited as its credit rating agency. This strategic move ensures continued professional rating services while maintaining transparency with stakeholders.

Infomerics Rating Status Clarification

The company addressed the recent "Issuer Not Cooperating" (INC) status assigned by Infomerics, explaining this as a procedural outcome rather than a reflection of financial performance. Management emphasized that this development stems from the discontinuation of engagement with Infomerics and does not indicate any deterioration in the company's financial strength or fundamentals.

The INC status has been rendered superseded by the valid rating currently provided by CARE Ratings Limited, ensuring stakeholders have accurate information about the company's creditworthiness.

Regulatory Compliance and Transparency

Shanti Gold International reaffirmed its commitment to transparency, strong governance, and timely disclosures in accordance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements), Regulations, 2015. The company emphasized that its current credit rating from CARE Ratings Limited accurately reflects its financial position.

Managing Director Pankajkumar Jagawat signed the clarification, reinforcing the company's dedication to maintaining clear communication with stock exchanges and investors regarding material developments.

Shanti Gold International Limited has received its first credit rating assignment from CARE Ratings Limited, with the rating agency assigning CARE A- (Stable) ratings to the company's bank facilities worth ₹223.53 crore. The rating communication was issued on January 22, 2026, and the company disclosed this development to stock exchanges on January 23, 2026.

Credit Rating Details

CARE Ratings has assigned ratings across two categories of banking facilities for Shanti Gold International. The rating assignment reflects the agency's assessment of the company's creditworthiness and ability to service its debt obligations.

Banking Facility Breakdown

The rated facilities are distributed across multiple banking partners, providing the company with diversified funding sources. The long-term facilities primarily consist of term loans from Yes Bank Limited, while the working capital facilities are spread across three major banks.

Long Term Facilities (₹2.53 crore)

Long Term/Short Term Facilities (₹221.00 crore)

Rating Validity and Surveillance

The assigned ratings are valid for one year from January 15, 2026. CARE Ratings reserves the right to undertake surveillance and review of the ratings periodically, with at least one review required annually. The rating agency will monitor the company's financial performance and business developments that may impact the creditworthiness assessment.

The rating assignment provides Shanti Gold International with formal credit assessment credentials, which can facilitate future banking relationships and potentially improve borrowing terms. The company has made this information available on its website at www.shantigold.in as part of its transparency and disclosure commitments.